In addressing the continuous decline in palay prices, the Federation of Free Farmers (FFF) is asking the government to follow the Rice Tariffication Law (RTL) and impose safeguard duties on rice imports instead of resorting to decisions such as the proposed suspension on the issuance of sanitary...
The Bangko Sentral ng Pilipinas (BSP) will not be issuing its own central bank digital currency (CBDC) in the next three or five years, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) When asked if the BSP could come...
Clean energy sources will be ‘green with envy’ as coal fuel sustained its dominance in the country’s power generation mix last year with a share of 54.6 percent, according to Department of Energy (DOE) data presented in the Senate. Coal’s fraction in the power generation pie was followed by...
The Department of Trade and Industry has relaxed effective today, Thursday, the control measures in the operation of malls and commercial centers but with strict compliance to the health and safety protocols. DTI Secretary Ramon M. Lopez issued Memorandum Order C No. 20-55 on Easing of Control...
Ayala-owned AC Energy Philippines (ACEN) has executed a new subscription agreement with subsidiary Ingrid Power Holdings Inc. for the parent firm to purchase specified number of shares; then the proceeds of that transaction will bankroll the first phase of the latter’s 300-megawatt Pililla...
DA readies cash assistance to farmers The farm-gate price of palay continues to drop during the fourth week of September, with prices in some areas still below the breakeven price farmers had spent for the last planting season. The good news is that the Department of Agriculture (DA) was recently...
Brazil, one of the Philippines major sources of poultry meat and poultry products, has advised the government authorities of its intention to bring to the World Trade Organization its “specific trade concerns” if it cannot immediately and completely revoke the ban on the importation of Brazil...
The Department of Trade and Industry (DTI) is incentivizing local enterprises for them to adopt to digital technologies because while majority of enterprises are aware of the need to transform digitally many of them are facing various constraints, particularly the lack of capital. DTI...
The Department of Energy (DOE), through its Task Force on Energy Resiliency (TFER), has mobilized the country’s power firms so probable power interruptions or blackout impact of tropical storm ‘Pepito” could be eased if not totally avoided in various parts of the country. Energy Secretary...
Lopez-led FGEN LNG Corporation will conclude by the middle of next month the bid process for its planned chartering of a floating storage regasification unit (FSRU) to serve as its interim facility on targeted importation of liquefied natural gas (LNG) starting year 2022. Jonathan C. Russell,...
Tourism chief Bernadette-Romulo Puyat (MANILA BULLETIN FILE PHOTO) Tourism Secretary Bernadette Romulo-Puyat announced today that hotels and accommodation facilities even in areas under general community quarantine are now allowed to operate at full capacity. According to Puyat, the DOT has been...
The Department of Trade and Industry (DTI) will reimpose the mandatory certification of locally manufactured and imported plywood citing unfair competition from imported substandard plywood that threatens not only public safety, but also the local wood manufacturing industry. Trade and Industry...
